US Stripped of Top Rating by Fitch

Aug 2, 2023 | Bloomberg's Wendy Benjaminson and Ryan Teague Beckwith discuss Fitch downgrading the United States' rating from AAA to AA+ and how the past issues of the debt ceiling debate played a part in this downgrade along with the current talks of a potential government shutdown later this year. Wendy and Ryan speak with Annmarie Hordern and Joe Mathieu on Bloomberg's "Balance Of Power."

Fitch Threatens to Strip America of 'AAA' Credit Rating

THE DAILY TELEGRAPH: Rating agency says it could slash America's prized rating, while further delays to raising the debt ceiling will damage the country's credibility

Fitch has warned that it could strip America of its prized "AAA" credit rating, amid heightening fears that the world’s largest economy is headed for a default.

Prolonged negotiations in Washington risk “undermining confidence in the role of the US dollar as the preeminent global reserve currency, by casting doubt over the full faith and credit of the US,” Fitch said, as it placed the country on "negative watch". » | Katherine Rushton, US Business Editor | Tuesday, October 15, 2013

UK Faces Fitch Downgrade Over Debt Levels
THE DAILY TELEGRAPH: Britain's credit rating faces another downgrade in the next month after Fitch warned it is reviewing the country's "AAA" status in the wake of the Budget.

The agency warned that there is a "heightened probability of a downgrade" as it conducts a review of the rating by the end of April.

Fitch said its decision to put the UK on a "negative watch" was because Britain's debt will now be bigger than Chancellor George Osborne first forecast and is taking longer to bring under control. » | Andrew Trotman, and agencies | Friday, March 22, 2013